gulfnews : Committee to probe Kuwait Oil and Royal Dutch Shell contract

Kuwait's Oil Minister Mohammad Al Baseeri yesterday formed a committee to probe an $800 million (Dh2.9 billion) contract between state-owned Kuwait Oil Co and Royal Dutch Shell PLC (RDSA), an official statement said.

The six-member panel will review procedures leading to the awarding of the Enhanced Technical Services Agreement in February 2010 and examine the implementation of the deal, said the statement.

The contract was awarded to Shell to help the oil-rich emirate to develop its newly-discovered non-associated natural gas fields in the north of the country after initial production hurdles.

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